China Wind Systems Signs Accord with Xin Qiang Lian to Supply Molded Ware for Wind Turbines

China Wind Systems, a dealer and supplier of molded ware and industrial equipment to the wind turbine producers and other industries in China, declared that it has signed an accord with Luoyang Xin Qiang Lian Bearing, another wind energy equipment producing company to deliver molded rolled rings.

In conformity with the signed accord China Wind Systems will provide 3578.2 tons of molded rolled rings to Luoyang Xin Qiang Lian by 31st March 2011. The total vending price of the deal is anticipated to be around RMB 42.9 million ($6.5 million).

Jianhua Wu, who leads China Wind Systems as its Chairman and CEO, said that after getting satisfied with the products, Xin Qiang Lian has made an additional order with 41.7% increase in tonnage within three months of its earlier order, which clearly indicates the quality of their products, their technical potential and market perspective. He also mentioned his observation about the growing demand for molded rolled rings among the wind energy segment due to increased need for wind power products and foresees that wind energy segment will generate more revenue for his company.